News Category Global Banking & Finance Reviews
Loop Insights Signs LOI To Acquire Passcreator, A Leading European Digital Wallet And Mobile Marketing Company With Tier-1 Global Clients
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VANCOUVER, British Columbia, Jan. 12, 2021 Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce the signing of a Letter Of Intent (“LOI”) to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW. The acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals.